Safety Insurance Group, Inc. (NASDAQ:SAFT) has been given a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.

Zacks has also assigned Safety Insurance Group an industry rank of 49 out of 265 based on the ratings given to related companies.

SAFT has been the subject of a number of recent research reports. BidaskClub cut Safety Insurance Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Compass Point cut Safety Insurance Group from a “neutral” rating to a “sell” rating in a report on Monday, October 16th.

Safety Insurance Group (NASDAQ SAFT) opened at $73.55 on Wednesday. Safety Insurance Group has a fifty-two week low of $65.75 and a fifty-two week high of $84.00. The stock has a market capitalization of $1,120.00, a PE ratio of 17.77 and a beta of 0.71.

In other news, Director David F. Brussard sold 1,505 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $80.01, for a total value of $120,415.05. Following the completion of the sale, the director now owns 12,077 shares of the company’s stock, valued at $966,280.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David E. Krupa sold 7,000 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $80.30, for a total value of $562,100.00. Following the completion of the sale, the vice president now directly owns 22,925 shares of the company’s stock, valued at approximately $1,840,877.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,505 shares of company stock valued at $2,712,266. Insiders own 4.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Safety Insurance Group by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,048 shares of the insurance provider’s stock valued at $755,000 after buying an additional 171 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Safety Insurance Group by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 75,294 shares of the insurance provider’s stock valued at $5,143,000 after buying an additional 375 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Safety Insurance Group by 1.4% in the second quarter. TIAA CREF Investment Management LLC now owns 39,588 shares of the insurance provider’s stock valued at $2,704,000 after buying an additional 550 shares during the period. Voya Investment Management LLC increased its stake in shares of Safety Insurance Group by 8.2% in the second quarter. Voya Investment Management LLC now owns 8,307 shares of the insurance provider’s stock valued at $567,000 after buying an additional 627 shares during the period. Finally, American International Group Inc. increased its stake in shares of Safety Insurance Group by 6.8% in the third quarter. American International Group Inc. now owns 11,648 shares of the insurance provider’s stock valued at $889,000 after buying an additional 743 shares during the period. 78.51% of the stock is owned by institutional investors.

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About Safety Insurance Group

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

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